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1754 Pine Avenue

Long Beach, CA 90813
  • $3,100,000
  • STATUS: Active Under Contract
  • ON SITE: 42 Days
  • ID#: SB22185886
Under Contract
UPDATED: 11 min ago
$3,100,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1964
County:

School Ratings & Info

Listing Agent(s): Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and John Stiegler II of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

1754 Pine Ave is a unique 11 unit opportunity located in Long Beach, CA. The subject property boasts a fantastic unit mix consisting of five (5) 1-bedroom/1-bathroom, four (4) 2-bedroom/1-bathroom, one (1) 2-bedroom/2-bathroom, and one (1) 3-bedroom/2-bathroom units. There is potential for one (1) 1-bedroom/1-bathroom ADU (potential 12 total). Recent upgrades and replacements include stucco, windows, doors, exterior lighting, electrical, plumbing, garage doors, washer and dryer, walkways and stairs, landscaping and renovated units. 1754 Pine Ave features 6 garages, 2 additional parkings spaces, and an on-site laundry facility. The tenants also enjoy close access to freeways and public transportation making commutes much easier.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-05T11:31:12.59. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
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1754 Pine Avenue Long Beach, CA 90813

  • Price: $3,100,000
  • Status: Active Under Contract
  • On Site: 42 Days
  • Updated: 11 min ago
  • ID#: SB22185886
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1964
Built
Neighborhood:
Other (Othr)
County:
Los Angeles
Area:
5 - Wrigley Area
Property Description
1754 Pine Ave is a unique 11 unit opportunity located in Long Beach, CA. The subject property boasts a fantastic unit mix consisting of five (5) 1-bedroom/1-bathroom, four (4) 2-bedroom/1-bathroom, one (1) 2-bedroom/2-bathroom, and one (1) 3-bedroom/2-bathroom units. There is potential for one (1) 1-bedroom/1-bathroom ADU (potential 12 total). Recent upgrades and replacements include stucco, windows, doors, exterior lighting, electrical, plumbing, garage doors, washer and dryer, walkways and stairs, landscaping and renovated units. 1754 Pine Ave features 6 garages, 2 additional parkings spaces, and an on-site laundry facility. The tenants also enjoy close access to freeways and public transportation making commutes much easier.
Exterior Features

Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 11 Open Parking Spaces 2 Parking Features Garage Faces FrontGarage Faces Rear Parking Total 8 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.36 Common Interest None Community Features Sidewalks Electric Expense 2475 Fuel Expense 2475 Garage YN Yes Gross Income 215388 Gross Scheduled Income 215388 Insurance Expense 4540 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 Exchange Maintenance Expense 8616 Net Operating Income 135151 New Construction YN No New Taxes Expense 38750 Number Of Separate Gas Meters 11 Number Of Separate Water Meters 1 Operating Expense 73775 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 17949 Trash Expense 2475 Vacancy Allowance 6462 Vacancy Allowance Rate 3 Water Sewer Expense 2475 Water Source Public Zoning Lbr4r



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-10-05T11:31:12.59. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Beach City Brokers | BCB Premier Estates | The Miller Group. Licensed in the State of California, USA.
 
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Beach City Brokers | BCB Premier Estates | The Miller Group
1716 South Catalina Avenue
Redondo Beach CA, 90277
Listing Agent(s): Stephen Takahashi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and John Stiegler II of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)